CarHop has been known as one of the country’s most popular auto dealers that allows buyers to “buy-here-pay-here.” The company has been in business for years, and has sold thousands of cars to people during that time. It comes as a bit of a surprise, then, to learn that the Consumer Financial Protection Bureau (CFPB) has announced that they are taking legal action against CarHop. According to the CFPB, CarHop and its in-house financing company, Universal Acceptance Corporation, are guilty of failing to provide positive and accurate credit information to consumers.auto750

Allegedly, CarHop and their financing company promised consumers that it would provide the positive, accurate credit information to the major credit reporting companies. The investigation by the CFPB has revealed that inaccurate credit information was provide on more than 84,000 accounts, and that the inaccurate reporting was a systematic issue within the companies. The Consumer Financial Protection Bureau has officially ordered the companies to stop the illegal activity and to pay a civil penalty of $6,465,000.

The Director of the CFPB is named Richard Cordray. He has been somewhat of a lightning rod of controversy in recent years. However, he has never backed down from going on record with what he thinks about these types of financial misdeeds. When asked about the actions against CarHop, Cordray said, “Many consumers went to CarHop because they needed transportation and wanted to build up a good record of paying their bills. But CarHop and Universal Acceptance Corporation thwarted those expectations by inaccurately furnishing negative credit information. The CFPB will not stand for companies whose sloppy actions jeopardize consumers’ credit.”

CarHop is based in Minnesota and also goes by the name of Interstate Auto Group. This dealer is amongst the largest buy-here-pay-here auto dealers in the United States. These types of auto dealers not only sell cars, but they originate and service the car loans as well. There are over 50 CarHop locations spread across 15 different states. The majority of CarHop’s customers are folks with poor credit scores or virtually no credit histories. These types of consumers regularly rely on subprime or deep subprime lines of credit. These types of loans are often marketed as easy ways for consumers to rebuild/build their credit scores. CarHop apparently promised that it would provide all positive payment histories to the major credit reporting agencies. Many of the customers who regularly purchase vehicles from CarHop do so due to the fact that they have severe financial obstacles to deal with or bad credit scores.

The Universal Acceptance Corporation operates on behalf of this popular auto dealer. This company provides consumer account information to the big credit reporting agencies every month. The Consumer Financial Protection Bureau, during their investigation, discovered that the company reported information that was obviously false. It is believed that the company provided inaccurate information to the credit agencies for over 84,000 consumer accounts. This apparently went on between January of 2009 and September of 2013.

Reporting inaccurate information to credit reporting companies can cause harm to consumer credit scores. Bad information could cause credit scores to drop and may even prevent consumers from obtaining good lines of credit, or favorable job positions. As such, it is easy to understand why such a large line was leveled by the CFPB. The public will have to stay tuned to find out whether or not CarHop is going to stay in business and whether or not their daily operations, policies and procedures will change due to the actions taken by the CFPB.

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budget (Photo credit: Backdoor Survival)

No one wants to spend more money on anything than they have to, but without realizing it Americans all over are wasting money every day. Their intentions may be good, or they may not be thinking at all. Here are some tips to help you realize what does waste your money so you can stop wasting your money.

One thing that many people do not think about is that sticking with current providers for certain things can waste your money. Many people will stick with their current service providers for their cell phones, cable, or internet companies simply because it is easier. Others will stick with them because they think that if they do they will get discounts for loyalty. This is not always true. Search around look for the best deal that you can find. Why pay more than you have to.

Not unplugging electronics is a waste of money. This is something that many people simply do not think about. Many people think about turning them off, but not about unplugging them. It is true that turning them off will help keep you from wasting money, but unplugging them will help you keep from wasting even more. Even if the electronic device is off, if it is plugged in it is still using some electricity costing you money.

Paying ATM fees are a total waste of money. These can range anywhere from two dollars to three or four dollars. Think about how many times you get money out of an ATM. Know where all your bank’s locations are or where there are free ATMs. Do not pay for ATM fees unless you are desperate and do not have another choice. ATM fees add up to quite a bit over a year. Spend a month tracking how many times you use an ATM and think about if you paid a fee every time compared to getting your money for free every time.

Couponing is a great way to save money. However if you are couponing just for the sake of couponing then you are wasting money. If you are using a coupon on something you would not normally buy just because there is a coupon for it, then you are again wasting your money. Do not use coupons unless they are for something that you actually use and normally would buy. Otherwise the coupon is actually costing you money.

Saving money is something that almost everyone wants to do. If you are trying to save money do not forget to think about ways that you are wasting money. You have to watch out for anything that wastes your money because sometimes they are not very obvious, we simply let them slip past our money saving radar and then we waste money. Make sure you pay attention to anything and everything so you can stop wasting your money.

Not everyone can afford to buy a new car and often you can find a good deal on a used car from a private seller. Not all private sellers are honest though, some will try to scam you. Before you go to look for a used car from private sellers, know these various scams that they use to take your money and leave you with a hunk of junk.

If the seller wants money or a wire transfer but you have to wait to get the car, let this be a red flag that it could be, and most likely is, a scam. There may not even be a real car for sale. The supposed seller wants to take your money and then not contact you again. You should not have to give any money for a car until you are able to take the car from the seller.

If the deal seems too good to be true, then it probably is. If the car seems to be in great condition and the price seems to be super low, expect that something is wrong. Most private sellers who do this will not tell you that something is wrong with the car. The best thing you can do is take the car for a test drive to your mechanic and have them look it over and let you know what is wrong with it. If you do it that way, at least you know what you are getting into and are not buying a car thinking it works just fine just to have it break down a week later.

Ford Corsair V4 estate 1966. The stylish Corsa...

If the private seller is trying to offer you a third party protection plan on the used car that they are trying to sell you, know that it is a scam. The people who do this know how to make it seem like you are talking online with someone from the company when in reality it is just them reassuring you. Then when you purchase the plan, they get the money, but you do not get the protection plan.

If the seller suddenly changes gears in the middle of the negotiations take that as a red flag, it is a scam! If their story suddenly changes then you know that something is wrong. Take that as an opportunity to just get out of the situation before you get scammed and lose money.

If the seller tells you that the car that is for sale is not at their residence, then you should see a red flag. Typically when a vehicle is for sale it is either at the person’s home or somewhere it is easy to advertise that it is for sale. Depending on where they say it is, you should be able to determine whether or not it is a scam. If it is sitting out where it is easily seen then you do not need to worry as much. However, if the seller tries to tell you it is at their friend’s house, you might want to forget about that car all together.

When you are buying a car from a private seller you can get a better deal, if you are careful and know what you are doing. You always have to be careful of scams. There are plenty of people out there who would not think twice about scamming you and you should not think twice about walking away from a car if you feel a though you could be in a situation where you could be scammed. If you know the most common ways that people try to scam others then you will have a better defense against getting scammed, which is always a good thing.

Christmas lights on Aleksanterinkatu.

We are getting to that time of the year where we all have to start thinking about getting holiday gifts for friends and family members. While there is nothing quite like the holidays, there is also nothing quite like the feeling of knowing that you have gone over budget after only getting half of the gifts that were on your list. Frankly, having a budget during the holiday season is kind of like having a schedule planned out for your toddler: as much as you might try to follow it, it is not going to last long. With that in mind, the months that come after the holidays are going to feature some tight economic circumstances for you. The financial Holiday woe’s, as many people like to call them, have a tendency to affect you in January and February, i.e. the months after the joy of the holidays have worn off.

This is not to say that you should be hopeless when the Holiday woe’s come your way. In fact, you should simply find ways to work within your income and move on with your life. If you need to take out a payday loan to pay bills on time for a month, you should do it. Just because you have a little less money left after the holidays does not mean that you aren’t going to get back on the right financial track in a couple of months, it just means that you have to be able to deal with a rough patch for a little bit

Have you ever wanted a cash loan review or overview guide that would explain all the facts about online loans to you? If you have, today is your lucky day! Since we regularly answer questions that people have about online payday loans, we’ve put some of our findings together for you here in this cash loan review article. Read on to discover the most important information that everyone needs to know about online personal loans.

Cash Loan Review – Will Your Loan be an Unsecured Loan?

Yes, your payday loan is going to be an unsecured loan. Unsecured loans allow you to borrow money without any collateral. Traditional bank loans and lines of credit from most credit card companies are typically secured loans. If you default on a secured loan, you could lose the property that you offered as security to your lender. You never have to look around for property to put up as security when you get a payday loan. The lenders in our network never ask for any collateral to approve your loan requests.

Cash Loan Bad Credit Optionsbad-credit

Have you experienced serious financial issues, like late loan payments or even a bankruptcy in the recent past? Millions of people have reported similar issues, and have seen their credit scores drop significantly as a result. The traditional lenders – banks and credit unions – usually do not offer loans – even small loans – to people who have subprime credit scores. However, our network of payday advance lenders do not require you to undergo a credit check or provide any information about past financial issues. As long as you bring in a regular pay check and have a bank account, you may find that getting approved for a loan is easier than you think.

Advance Cash Loan Fees

Borrowing money always entails fees that must be paid. Payday advance lending companies do charge fees to their customers. The only fee you need to be concerned with, however, is the flat-rate loan fee that you pay when you repay your online lender. These fees do vary from one lender to another. As long as you make timely payment on your loan, you won’t have to worry about any late fees or loan extension fees. We all know that it’s best practice to pay our bills on time. And as long as you pay your loan off in two weeks, you will not have to fork out any money for the additional fees we just discussed.

Cash Loan Review Conclusion: Payday Loan Benefits

To wind up this cash loan review, let’s briefly hit on the major benefits of payday loans  online:

To get your online loan application submitted, you have come to the right place. You’ll find an application on this website that will give you direct access to our nationwide network of preferred payday lenders

payday-loans1If you find most financial dealings to be cumbersome and confusing, you’ll likely find that it’s easier than you thought to get an advance cash loan. And to make it even easier for you, we’ve put the entire process together for you in three simple steps.

Step 1 – Apply for Your Payday Loan Online

To get the process started simply fill out the loan application form that we have put together for you here on this website. It only takes a few minutes to fill out the online application.

Step 2 – Await Your Payday Loans Online Approval

The next step is pretty easy – you simply wait a bit to hear back from your lender. Most folks get their approval notification via email within one day.

Step 3 – Get the Advance Cash Loan Money in Your Bank Account

The last step is arguably the most enjoyable – getting your money! You get your money from your advance cash loan via direct deposit, so the funds go right into your existing bank account.

What about Reading Cash Loan Review Articles?

If you’re tired of wasting time trying to find the best lenders, you can forego reading all of the online review articles. When you fill out the loan application form on this site, you’ll instantly be assured that your loan request is being sent to the top lenders in the industry. There’s no faster way to get in touch with the top rated lenders for your advance cash loan.

Get your online Unsecured Loan Right Now

Even if you have bad credit, you are still eligible to get approved for an advance cash loan. The top lenders don’t even use your credit score during loan approval. To make a long story short, when you get an online cash loan bad credit is not a problem.

To apply for your advance cash loan right now, all you have to do is fill out the simple, secure online loan application form on this website. This will put you on the path to getting the fast money you need as quickly as possible.

It’s easy to get so upset about your current financial situation that you actually think it’s impossible to get cash loans for bad credit borrowers. The truth is, however, that millions of people have had, or are having, credit problems right now. With so many financial difficulties taking place over the past five to seven years, there simply aren’t many people who have seen their credit scores remain unblemished.

Frustrated with ComputerIf you’ve been thinking about finding cash loans for bad credit options, but aren’t sure if you will even qualify for a loan with your current credit score, you may be surprised to find out that you have more options than you think. Read on to find out more about your options for finding cash loans for bad credit options online.

Cash Loans for Bad Credit – Your Loan Options

Many people make the mistake of starting off their loan seeking process by going to the local bank for a loan. It’s a fact that the big banks are a bit put off by people who don’t have very high credit scores. In fact, trying to get a loan from a traditional bank when you have bad credit can be an absolute impossibility.

Thankfully, payday advance loans are an option for people looking for cash loans for bad credit history borrowers. Payday lenders aren’t nearly as stringent when it comes to approving loans. If you’ve had problems with the big banks, you will certainly find that it’s much easier to get loans via payday lenders than it is through the big banks.

Cash Loans for Bad Credit – Traditional Loans Can be Impossible to get

Big banks want to give you big loans over the long term – if they even approve you for a loan in the first place. This is a problem for people with bad credit, as most of these folks simply don’t need more long term debt to deal with. And when you factor in what we said earlier – about banks not even wanting to make loans of any amount to people with bad credit – you can certainly understand why these types of loans aren’t your best option if you’re looking for cash loans for bad credit options.

Cash Advance Loans – Popular Online Cash Loans

So what kind of loan do you qualify for if you have bad credit? For most people, it turns out that payday advance loans are the way to go. As we said, our network of payday advance lenders do not turn away people based solely on their credit histories. You’ll find that your credit score simply isn’t a determining factor when you borrow money from our network of preferred payday advance lenders.

Cash Loans No Credit Check Required

09-15-09-free-credit-reports-largeYou read that right – when you take out payday loans, you don’t even have to submit to a credit check. Here’s the deal – your credit score is not used at all to determine if you qualify for these types of loans. If you have an active bank account and a regular source of income (a job!) you meet the basic requirements to qualify for a payday advance loan. Bad credit may still affect your chances of getting a huge line of credit or even getting a big mortgage loan, but for small-to-medium loans, you can’t go wrong with advance cash loans for bad credit borrowers.

Applying for Cash Loans for Bad Credit Online

Bad credit is a real pain. Of course, you should do what you can to start rebuilding your credit if that is at all possible. In the meantime, though, when you do need to get a small loan to hold you over until you get paid again – for any type of emergency request – you can apply for your payday advance loan via our secure, online loan application form. If your request is approved, you’ll understand just why these types of loans are the most in demand cash loans for bad credit customers.

It’s always smart to know your options for getting fast cash for life’s emergency expenses or unforeseen bills. Many people find that getting an advance cash loan really is the ultimate way of getting almost immediate access to funds for just about any expense that comes their way. From unexpected bills to just needing some cash until payday, an advance cash loan gives you money in your checking or savings account with minimal hassles.shock

Getting Your Unsecured Loan

Getting an advance cash loan is easier than you might think. It’s just a matter of filling out our secure loan application form and then waiting for approval. Once your advance cash loan lender approves your loan request, you’ll be notified by email. Then you get the money in your bank account on the next business day. With such an easy loan process to follow, it’s no wonder that so many cash loan review articles talk in depth about the ease of getting a cash advance loan.

Cash Loan Bad Credit Information

Your credit score will never prevent you from getting an advance cash loan. Our network of lenders do not use your credit score as a determining factor when approving your loan request. Your credit score simply will not prevent you from getting an advance cash loan.

Payday Loans Online for Any Expense or Emergency Bill Payment

You can pay bills, make purchases, buy gifts or simply pad your wallet with a bit of cash using the money you borrow via your advance cash loan. Essentially, the money is yours to do with as you please.

Is a Payday Loan the Advance Cash Loan You’ve Been Looking for?

If you’re looking for a small-to-medium sum of money, and you’re in a hurry to get that cash, you simply can’t go wrong with an advance cash loan. You can even apply for your loan right now by using our secure, easy to fill out loan request form.

Your home for fast emergency cash

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